What is Interchange++?


Following the provisions of EC Regulation 751/2015 and the Payment Services Directive 2, Viva Wallet is providing merchants with a fully transparent “Interchange + +” pricing model for card acquiring services. “Interchange” presents the Interchange fee rate. Τhe first “+” presents the payment schemes costs. Τhis fee is usually lower than the interchange fee and range from 0,10% to 0,65% for e-commerce MO/TO transactions. Τhe second "+” presents Viva Wallet acquiring service fee, right down to the transaction level. This fee depends on the type of your activity, your country of residence and your company’s total turnover by cards. This means we present you distinctly all third-party costs (card issuer costs, card scheme costs) and Viva Wallet acquiring service fees, so that you get total visibility into the process and can see exactly what you're being charged for each transaction. In the European Union, the interchange fees for debit cards issued by the European Organisation are 0,20% and relate to the majority of transactions being processed. The Interchange fees based on the factors above, may reach up to 2,00%. These fees are described in detail on the Visa / Mastercard website.